Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Corteva, Inc. (CTVA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Corteva, Inc. is one of 173 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Corteva, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CTVA's full-year earnings has moved 1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CTVA has returned about 21.1% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 3%. This shows that Corteva, Inc. is outperforming its peers so far this year.
Another stock in the Consumer Staples sector, Mama's Creations, Inc. (MAMA), has outperformed the sector so far this year. The stock's year-to-date return is 8.2%.
In Mama's Creations, Inc.'s case, the consensus EPS estimate for the current year increased 4.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Corteva, Inc. belongs to the Agriculture - Operations industry, which includes 11 individual stocks and currently sits at #35 in the Zacks Industry Rank. On average, stocks in this group have gained 17.3% this year, meaning that CTVA is performing better in terms of year-to-date returns.
On the other hand, Mama's Creations, Inc. belongs to the Food - Miscellaneous industry. This 41-stock industry is currently ranked #194. The industry has moved -3.9% year to date.
Investors interested in the Consumer Staples sector may want to keep a close eye on Corteva, Inc. and Mama's Creations, Inc. as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).